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Foreign Trade of Chongqing Steps into Top 20 in China for the First Time

From January to August of 2011, the gross value of imports and exports for foreign trade in Chongqing was USD 15.15 billion which was increased by 1.1 times YOY, ,making the growth of the gross value in Chongqing as No. 1 in China. The gross value included export value of USD 9.58 billion which was increased by 1.3 times, and import value of USD 5.57 billion which was increased by 91.1%. This indicates that the gross value of imports and exports for foreign trade in Chongqing steps into Top 20 for foreign trade in China for the first time, ranking No. 17.

The customs statistics shows that in August, the gross value of imports and exports for foreign trade in Chongqing, the export value and import value were USD 3.21 billion, USD 2.29 billion and USD 0.92 billion respectively which were increased by 2.1 times, 2.7 times and 1.3 times YOY respectively, which all achieved the highest record.

It was introduced that in the former eight months, exports and imports of foreign trade in Chongqing presented three features: First, IT industry kept a strong development, and 5,859,000 laptops of Chongqing were exported from January to August with total value of USD 1.88 billion, and import value of IC reached to USD 0.87 billion which was increased by 17.9 times. Second, industrial structure of foreign trade was further optimized. At the same period, gross value of imports and exports for foreign trade in Chongqing, export value and import value were USD 2.88 billion, USD 2.48 billion and USD 0.4 billion respectively which were increased by 3 times, 3.1 times and 2.2 times YOY respectively. The gross value of imports and exports occupied 19% of the total volume of foreign trade in Chongqing. Third, traditional industries of automobile and motorcycle kept a large increasing trend. At the same period, 66,000 automobiles in Chongqing were exported, and 2,972,000 motorcycles were exported which were increased by 94.8% and 24% respectively with the value of USD 1.56 billion in total.

For the bilateral trade with main trade partners, during the former eight months, Chongqing realized the imports and exports value of USD 3 billion to EU, the biggest trade partner of Chongqing, which was increased by 1.4 times, and USD 2.26 billion to ASEAN which was increased by 1.7 times, and USD 2.1 billion to America which was increased by 1.3 times, and USD 1.23 billion to Japan which was increased by 17.8%, and USD 0.47 billion to South Korea which was increased by 59.7%, and USD 0.43 billion to Brazil which was increased by 97.1%.